Canceled Certificates

Canceled Certificates

Before the issuance of a new certificate, the old certificate is presented to the Transfer Agent and is canceled.
References in periodicals archive ?
Banyan sought a court order supporting the Board's resolution when the canceled certificates were recently presented to the transfer agent for transfer.
denying the allegations and findings, arising from canceled certificates thought to have been destroyed six years ago, some of which have
Citibank believes it has no material financial exposure to any of these canceled certificates.
As previously reported, Citibank discovered that a number of canceled certificates thought to have been destroyed by an outside destruction firm in 1985-86 have reappeared and some have been fraudulently presented for transfer or possibly offered as collateral for loans.
Citibank used an outside destruction firm six years ago to dispose of an unusually large volume of canceled certificates that had been in storage, and received affidavits from the firm attesting to their destruction.